The International Energy Agency (IEA) has raised its forecast for the decline in global oil demand in 2026 to 1.6 million barrels per day, up from the previous estimate of nearly 1 million barrels. This sharper drop is driven by ongoing high fuel prices and disruptions caused by the closure of the Strait of Hormuz, a critical shipping route. Despite some diplomatic signals, no agreement has been reached to reopen the Strait, prolonging supply concerns and price volatility. Brent crude prices have fluctuated significantly, recently trading near $90 a barrel, reflecting the uncertainty in global oil markets.
Genius Group, after selling its entire Bitcoin reserve to repay $8.5 million in debt, plans to rebuild its Bitcoin and AI treasuries to a combined $1.6 billion by fiscal year 2031. The company aims to grow total assets to $2 billion and will fund tre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
GoMining introduced Instant Funds, a feature enabling eligible digital Bitcoin miner NFT holders to use their miners as collateral to borrow stablecoins like USDT or USDC without selling the miners. Users can access up to 30% of the miner's value wit...
World Liberty Financial's proposed US trust bank has secured a significant investment from Sheikh Tahnoon bin Zayed Al Nahyan's group, which controls 49% of the holding company behind the bank. Another 38% is reportedly owned by an entity affiliated ...
